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Baloto, the most popular lottery in Colombia, is the largest reference of its nature for national players. Although there are many stories and anecdotes that have been known in recent years, few people really know the origins of this lottery in the country.
Nowadays, Baloto is operated by the IGT company, which is present throughout Colombia and which groups together all forms of gambling under its name, from machines to lotteries.
IGT has fulfilled the function of operating Baloto since the year 2001, although until a while ago the company was known under the name of GTECH.
In his web page, IGT highlights that it owns one of the largest commercial networks in the country (VIA) and that it exceeds 13,000 points of sale.
In addition, Las 2 Orillas detailed that the Italian businessman Marco Drago is the head of IGT and Baloto, through a conglomerate called De Agostini.
Baloto’s owner’s fortune
The Italian tycoon, owner of a family tradition fortune, bought Gtech in 2006 for a price of 3,600 million euros, making this operation the largest transaction from Italy to the United States, reported El País, from Spain.
It was in this way that the De Agostini firm ended up being the leading company in the world lottery industry, conquering markets that, like the Colombian, bet on luck every day.
Even at the time of purchase, it was estimated that the Italian firm would be in charge of approximately 200 billion dollars from the gaming industry worldwide.
Later, Drago would have acquired IGT’s operations in 2015 to end up making it the largest operator of games of chance worldwide.
Of course, the Italian would have had to establish direct relations with Colgames, regulatory entity of these activities in Colombia, to be able to operate with the pertinent tenders.
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